George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
My wife is now a convert to Card Direct. I do tell her our pension is with Card Factory, but she prefers the cards, and when you can get 10 decent cards for a £1, and the shop by us is larger and brighter than the two Card Factory shops we have, I cant blame her.
Do not believe the actual dividend has been declared, however, the policy has and I cannot see why they would change that as its based on the percentage of free cash flow, so just the actual amount is currently unknown.
Dividend Policy
The Board has reviewed the Company's Dividend Policy and effective 1 July 2022, the New Dividend Policy will be able to pay out a minimum of 40% of adjusted free cash flow for the financial year. Where annual dividends are declared, these will be paid in two tranches with an interim dividend equating to one third of the forecast full dividend and the final dividend equating to the remaining unpaid balance of the minimum of 40% of actual adjusted free cash flow. The payment of dividends remains at the discretion of the Board.
As a consequence of the new Dividend Policy, the Board has declared its first interim dividend of 3p per Ordinary Share, payable on 6 April 2023. Payment of the interim dividend will be made to shareholders on the register at the close of business on 3 March 2023 and the ex-dividend date is 2 March 2023.
Dividend payments have nothing to do with the share price, but based on adjusted free cash flow.
The Board has reviewed the Company's Dividend Policy and effective 1 July
2022, the New Dividend Policy will be able to pay out a minimum of 40% of
adjusted free cash flow for the financial year. Where annual dividends are
declared, these will be paid in two tranches with an interim dividend equating
to one third of the forecast full dividend and the final dividend equating to
the remaining unpaid balance of the minimum of 40% of actual adjusted free
cash flow. The payment of dividends remains at the discretion of the Board.
Purely my guesswork, but say you want to sell 1000 shares, and someone else wants to buy 999 of them. That leaves 1 share unsold. The next person who wants to buy 900 shares, will buy your one and 899 of someone elses.
This could potentially explain the odd very low buys/sell which would not make sense otherwise IMHO
This is a tricky one, why sell when you believe its going to hit £2.00 (not dollars!), however how would you feel if it fell off a cliff for whatever reason - its happened to me +50% to -20% loss, but now back to +200%.
I now view it as a percentage of my portfolio, once it hits 30%, I top slice 20% of my SLP holdings to bring it back down.
Interesting to hear how others do it, if at all.
That would be John Morgan, who sold 650,000 and made 13.2 Million. If he had held he would be 1.6m richer today, however, as he still owns 3.5 m shares, he's probably not overly worried.
All to do with inheritance planning, full story here
https://www.constructionnews.co.uk/contractors/morgan-sindall/john-morgan-cashes-in-13m-of-shares-in-estate-planning-move-23-04-2021/
If a company is worth 100m, and it gives away 10m as either a usual or special dividend, the company is now only worth 90m, so the share price should dip regardless.
By how much depends is the dividend will continue and increase over the years
On a rolling PER 12 month forecast, it drops back down to 6.5. I bought this one using the Stockopedia screens, about a year and a half ago, around 20p when it first hit the screen, but I watched and watched and eventually jumped in around 40p.
Watched myself gain 60% then saw the lot drop to 50% loss, but again held because all the fundamentals which made me buy it are still in place. It now takes far too much of a percentage of my portfolio, but when I run my screens again, up it pops, so I continue to hold.
The one criteria I pay most attention to is the "Jim Slater" PEG. Currently 0.7, and it would drop off the screen once it hits 0.75, but Jim Slater also recommends holding until it hits 1.1, so if you already own them, some way to go.
Patience is required with this one, but its now on a bit of an elevator ride, but even those have to go to a lower floor sometimes.
Is this really a big deal and not a reason to sell I would suggest.
£105K us a lot of money to most, however, as part of a remuneration for a CEO who has led his company hopefully to safety during these torrid times, negotiating a CVA etc, probably par for the course.
If the SP goes to 30-40p then I hope they pay him double. At worst grit your teeth and ride the probable rise.
With this Govt, make it up as we go attitude, and the likelihood they are going to cancel Xmas, sentiment will dip, I reluctantly agree and have just sold.
But will ring fence to look to buy back in and its definitely got a good future albeit the risk factor is rising
Believe this is he.
https://www.lse.co.uk/rns/IDP/appointment-of-non-executive-director-swn8763q8uuf30l.html
Maybe this guy, 3D Artist must pay well
https://uk.linkedin.com/in/mark-ward-685591b8